Ava Labs Says Avalanche Will Power New NYSE Tokenized Platform
Ava Labs announced on Monday that its Avalanche blockchain will serve as the backbone for clearing and settlement on a new digital alternative trading system for tokenized securities started by the New York Stock Exchange.
The Tech TL;DR:
- The New York Stock Exchange is building a digital alternative trading system for tokenized US equities and exchange-traded funds, using the Avalanche blockchain for post-trade clearing and settlement.
- Order matching will run on existing NYSE technology, while Avalanche handles record-keeping and atomic settlement around the clock.
- Ava Labs stated the arrangement cost the company nothing, with the launch targeted for the fourth quarter of 2026 pending regulatory approval.
The planned venue targets tokenized US equities and exchange-traded funds with round-the-clock trading and atomic settlement. Ava Labs says its arrangement with the New York Stock Exchange cost the company nothing, and that the deal has made future conversations with other institutions noticeably easier.
“The network offers tighter control over which participants play which roles,” Ava Labs executives said. They also pointed to stronger regulatory compliance and operating costs that are easier to predict.
The New York Stock Exchange and its parent company, Intercontinental Exchange, ran testing and evaluation for roughly a year before choosing Avalanche. That review examined performance, economics, and how well the technology fits with existing systems.
The work is split between the two partners. The exchange’s matching technology will still execute orders, while Avalanche takes over post-trade ledger functions.
The launch target is the fourth quarter of 2026. The platform depends on regulatory approval before any tokenized share trades.
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